Form Pte-Ext - Extension Payment Voucher - 2009 (Page 3 of 3) in pdf

New Mexico Taxation and Revenue Department

2009 PTE-EXT, Extension Payment Voucher, Checklist

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Is the federal employers identification number, "PTE-EXT", and the correct tax year written on your check?

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Did you select the PTE-EXT for the correct tax year for which you are making the payment?

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Did you mail your PTE-EXT and check to the address on the payment voucher?

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Did you sign and include your check?

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Have you attached Form RPD-41096, Application for Extension of Time to File, or otherwise submitted a timely request for a New

Mexico extension? If you obtained a federal automatic extension, you do not need to file Form RPD-41096 unless the requested

extension period extends beyond the time allowed by the federal automatic extension.

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Are you using the correct form?

•

Form

2009 PTE-EXT, Extension Payment Voucher, is used by taxpayers who have obtained a federal automatic extension or

a New Mexico extension, who expect to owe tax on the 2009 PTE-1 return and wish to make a payment towards the liability to

avoid the accrual of interest.

•

Form PTE-PV,

Return Payment Voucher, is used by taxpayers when making a payment towards a PTE-1 return that has been

filed or is filed at the time the payment is made.

•

Form PTE-ES,

Estimated Payment Voucher, is used by taxpayers making an estimated payment towards the current year tax

liability.

Form RPD-41096, Application for Extension of Time to File, Instructions

By obtaining an extension of time to file your return, penalty for failure to file and pay is waived through the extension period, provided you

file the return and pay the tax shown on the return by the extended due date. However, interest accrues even if the taxpayer obtains an

extension of time to file and pay the return. To avoid interest, make a payment of the tax to be due by the original return due date. Interest

is assessed daily at the quarterly rate established for individuals by the U.S. Internal Revenue Code on the amount of tax due. Annual

and daily interest rates for each quarter are posted on the Department web site, at

WHEN TO FILE: An application for extension of time to file must be postmarked on or before the due date for filing the return or the

extended due date of the return if a federal automatic extension or a New Mexico extension has been obtained. If a federal automatic

extension is obtained, and you file and pay the return by the extended due date allowed by the IRS, Form RPD-41096 does not need to

be submitted. New Mexico recognizes and accepts an Internal Revenue Service automatic extension of time to file.

HOW AND WHERE TO FILE: Complete this form and send it to the Taxation and Revenue Department, P.O. Box 630, Santa Fe, NM

87504-0630. If you are including an extension payment for a personal income tax return, corporate income and franchise tax return,

pass-through entity return or fiduciary income tax return with the extension, also attach the applicable extension payment voucher (Forms

PIT-EXT, CIT-EXT, PTE-EXT or FID-EXT) and submit the forms to the address on the payment voucher. The address varies depending

upon the tax program.

REASONS FOR EXTENSIONS: The Taxation and Revenue Department will grant a reasonable extension of time for filing a return if the

taxpayer files a timely application which establishes that he is unable to file the return by the due date because of circumstances beyond

his control. Inability to pay the tax due is not sufficient reason for issuance of an extension. Also, extensions will not be granted to tax

practitioners because of excessive work load.

PERIOD FOR EXTENSIONS: Generally, a timely initial application for extension of time to file will be automatically granted for a period

not to exceed 60 days. Longer periods of time will not be granted unless sufficient need for the extended period is clearly shown. Form

RPD-41096 may also be used to request an additional extension. When used for that purpose, a copy of the previous state or federal

automatic extension should be attached to the application.

The secretary or delegate may, for good cause, extend in favor of an individual taxpayer or a class of taxpayers, for no more than a total of

twelve (12) months, the date on which payment of any tax is required or on which any return required by provision of the Tax Administra-

tion Act, Sections 7-1-1 to 7-1-82 NMSA 1978, must be filed, but no extension shall prevent the accrual of interest as otherwise provided

by law. If the secretary believes it necessary to assure the collection of the tax, the secretary may require, as a condition of granting any

extension, that the taxpayer furnish security in accordance with the provisions of Section 7-1-54 NMSA 1978.

SIGNATURE: The application must be signed by the taxpayer or a duly authorized agent. If the taxpayer is unable to sign the application

because of illness, absence, or other good cause, any person standing in close personal or business relationship to him may sign the

application. However, the signer must state the reasons for his signature and his relationship to the taxpayer.

Form Pte-Ext - Extension Payment Voucher - 2009 Page 3

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